Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1887-12-19
WEEKLY TRADE REVIEW.
a1Hcaa4Nqtse ta -
MONETARY ANxlETlES DIMINISHED
AND sPEcuLATioNs ABATED.

AND sPEcULATloNs ABATED.
A Moderate Improvement In tho out-
look-Past Money Pressure Reflected
in the Unusual List Of Failures--xacts
and Figures of Commerce.
NEW York. Dec. 17.-R G. Dun s.
Co.'s weekly review of trade will say:
There is a clear, though moderate, i'm
provement In the commercial-industrial
outlook, mainly due to a growing conf
dence mentioned In reports from several
interior sites that congress will finally
do nothing prejudicial to business Inter
ests. At the Same time It II at many
petats observed that uncertainty In re-
gard to the action of congress tends to
restrict purchases snd contributes to the
weakness in some markets. Monetary
anxieties diminish and speculation in
products abate. Iron products fall a lit
tie below the unprecedented output OF
November /. The output of December /
was 14,o04 tons weekly, according to
New York returns, about 1900 tons
smaller in bituminous and ,ceks iron, and
q. little smaller in anthracite and char
coal than the output a month ago. Pitts
burg returns makes the decrease 81 tons
for the month. Some furnaces have also
stopped work since December /. South
srn competition, though real, Ii not ex-
tensivs, and La mostly due to financial
necessittss In one district. A force OF
wider influence Ii the scanty demand for
rails and tE9 consequent increase in
production OF foundry iron by furnaces
hitherto engaged In manufacturing Bes-
somer. II il held that the new sales OF
rails for next year do not aggregate more
than LOG, 600 tons, n large buyers still
hold of. The statement that q single
sale was made On terms netting S31 Is
unquestioncd, and transactions aggregat-
ing %, 600 toas are reported It s3s. Bar
iron is less strong, and some mills
are running short time, but nails appear
nrm. Fine woods arc quiet and medium
stronger, though sales At low prices by
weak parties are still mentioned. Grow
era express confidence that no reduction
OF duties will be made, but the manu-
~facturing demand does not answer ex-
psetAtions. The dry goods trade, very
moderate in all branches, Is particularly
dull In woolens, and tho stiffness in
cotton is attributed to q scarcity of ready
supplies rather than to large fresh orders.
The boot and shoe trade improves with
bsttsf western business, and the leather
market IL stu favorable to buyers.
Curtsiiment in pork packing is
given Al 8 reason for speculative
strength In polk products, though
hcRs are lower. Breadstufhs have de-
clinsd-whent about 8 III cents during
the past week; corn 2 81 cents, and oats
. fraction The exports of wheat and
Hour for the five months ending with No
vember, ssn below those ossscorrespond-
Ing months last year, and tho decrease
which appears In November, IL continued
the CROP year, wonld 1eara q
large unsold surplus to be carried over
July LIST. Sales were A, 000, 900 bushels
wheat and 5000, 600 bushels corn. Oil
has not materially changed; cotton is a
shade stronger, with sales Of OFT, 600
bales, and coffee with sales of 484, 600
bags. No lack Of money checks speculate
I've activity; on cali the supply
is abundant and tha large demand
for money on time Is now fairly met.
The treasury added $3.50, 900 to bank de-
poaits, and so took only $500, coo from
q circulation for the week. Interior
reports all indicate less monetary pres-
sure, though the market at some points
Ii stIl close. Complaints OF slow collec-
tons continue, but are less general.
Past pressure is reflected, however, in an
unusually large number of failures.
Foreign trade improves, the exports Of
the more important products exceeding
those Tor the same month last year 81
&16, coo. Though Imports at New York
increased SLATE, 900, these figures and
tho course OF foreign exchange indi-
cate that foreign capital still moves
to this country rather than
ont Of 1t. The stock market
has declined on the average about / 1-2.
An sgrenment as to rates has been
reached and an advance In export rates
promised, but the public takes but little
part In the trading, and the operation OF
the interstate act tends steadily towards
reduction OF rates at the west. Bust
ness failures during the last week for the
United States and Canada number 2sS,
az compared with tho same number for
the corresponding week in 1885.